ACCOUNTING CONCEPTS

Fundamental Assumptions
Fair presentation
Going concern
Accruals
Consistency are two types of business entity that you can be asked to deal with
in the examination:
Sole trader
Limited liability company
Additionally, you should be aware of the follACCOUNTING CONCEPTS
Fundamental Assumptions
Fair presentation
Going concern
Accruals
Consistency
Materiality / Aggregation
Faithful representation
Substance over form
Neutrality
Prudence
Completeness
Materiality / Aggregation
Faithful representation
Substance over form
Neutrality
Prudence
Completeness